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Confirmations of Non-Prime Brokerage Deals Using CLS Should Be Exchanged

Question 98

Multiple Choice

Confirmations of non-prime brokerage deals using CLS should be exchanged:


A) within 2 hours after deal agreed with counterparty
B) before the value date of the trade
C) by the end of the trade date
D) within 24 hours

Correct Answer:

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